Quadruple actually, because I suspect a lot of wsb types are a little green to this game. That name is fine, but in the immortal words of Spicoli in Fast Times at Ridgemont High.... "if I'm here and you're here... isn't it "our time" Mr Hand?" So since 97% of the dialogue on this thread is between you and I, and I get quite a bit of fan-mail too, I think its only fair that this is designated as "our" thread. Not "yours". Thoughts?
Porch Group raises FY21 revenue outlook to $187.5M from $184M, consensus $185.2M 08:02 PRCH Last night, in conjunction with Porch Group announcing two strategic acquisitions, the company said it is raising its revenue outlook from $184M to $187.5M, representing approximately 159% year-over-year revenue growth. "The vast majority of Porch's revenue is recurring, with the company continuing to expect approximately 90% of 2021 revenues from its vertical software solutions - 25% from B2B software and service subscription fees and approximately 65% from corresponding move-related transaction revenues which includes insurance and now warranty- and approximately 10% of revenues from post-move services. The company recently reiterated full-year 2021 guidance for revenue less cost of revenue of approximately 72% and contribution margin of approximately 40% which remains intact. AHP operated at negative $2.5M Adjusted EBITDA in 2020 and as such, Porch is tightening its adjusted EBITDA margin guidance range to -14% to -16% from -13% to -16% to account for incremental loss from this acquisition during the balance of 2021. The company anticipates providing incremental disclosure of its Vertical Software and Insurance segments beginning in Q3," Porch stated. Porch Group acquisitions 'two more smart deals,' says Stephens 07:35 PRCH After Porch Group announced it is acquiring CSE Insurance and American Home Protect, Stephens analyst John Campbell called the deals "smart" and "important" acquisitions that should further support the company's ongoing push into InsurTech and offer up both enhanced and new offerings. He "really" likes both deals from a strategic standpoint and also likes the cost and synergies potential, said Campbell, who would be a "strong buyer" at current levels and reiterates an Overweight rating and $30 price target on Porch shares. Copart price target raised to $150 from $130 at Baird 07:07 CPRT Baird analyst Craig Kennison raised the firm's price target on Copart to $150 from $130 and keeps an Outperform rating on the shares. The analyst noted they reported strong results while average selling prices (ASP) remained elevated. He expects ASP growth to fade but remains willing to pay a premium for a market leader with wide moats, and he expects long-term investors to accumulate on weakness.
Porch is one of these good SPAC's... There are not too many... MTTR Mattaport... The bio plastic guys DNMR and PORCH... These have been the best. I watched PRCH go from $11-->$20 without buying it came way back but impressive as heck that they are back up around $20 as a former SPAC... Very slowly we are seeing a precious few float to the top. Will Wheels Up or Blade follow?
That face Sean makes when the teacher eats his pizza slice! How did he turn into such a weirdo? That teacher I know his name, Hugh somebody Cronin!!!!!- he has looked old forever!
Go ahead, write a nice intro post like you did on this one. It's a bad time to select a few good long picks as everything is a little shakey... but I'm sure we can come up with a few. "And we're just the men to do it!" Which movie is that from, I forget. Was it Stripes? Maybe Ghostbusters? Pretty sure it was Bill Murray.